Online betting games ban sees India lose sponsor for cricket’s T20 Asia Cup
Summary
India needs a new sponsor for its national cricket team after the government banned real-money online gaming, which affected their current sponsor, Dream11. The cricket board is seeking new sponsorship deals, aiming to generate more revenue than the previous agreement.Key Facts
- India banned real-money online games, impacting companies like Dream11.
- Dream11 had a three-year sponsorship deal worth about 3.6 billion rupees with the cricket team.
- The ban stops Dream11 from sponsoring the national cricket team.
- The Board of Control for Cricket in India (BCCI) is looking for a new sponsor.
- The deadline for new sponsor bids is September 16.
- India's cricket team might play initial matches of the Asia Cup without a front-of-shirt sponsor.
- The BCCI expects to make more money with new sponsorship deals compared to the old Dream11 deal.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.